Scholarship and Award Opportunities

Full-time finance undergraduates interested in applying for scholarships may do so through both the W. P. Carey School of Business Undergraduate Scholarship Office and the ASU Scholarship Office . Scholarships offered through the W. P. Carey School are limited to business students while those offered through the ASU Scholarship Office are available to students throughout the university. It is recommended that students submit both applications annually in order to gain access to the greatest opportunity for financial assistance.

Some other scholarships available to business students, such as the McCord Scholars, the Jack D. Furst Honors Scholarship and the Wells Fargo Scholars in Business scholarship, require separate or supplementary applications. More information about such opportunities is available to current students at Current Students Scholarship Applications. Some of these scholarships have application deadlines that are different from the general scholarship application deadline, so you should check the listings at this site several times during the year.

Scholarship Criteria

Once the deadline has passed for receipt of the W. P. Carey School of Business General Scholarship application, the Undergraduate Scholarship Office provides the Department of Finance with candidates to consider for scholarships and awards targeted specifically to finance students. Selection is based on a combination of varying criteria such as GPA, leadership and community service, academic major, class level, financial need and residency classification. Some specific additional criteria might also be expected for a particular scholarship, so it is critical to include in the general application any such information that is pertinent.

The Department of Finance is privileged that numerous private businesses, corporations, foundations, alumni and individual donors fund scholarships and enable us to present awards for our students. Unless otherwise noted, the Department of Finance Scholarships and Awards Committee selects the recipients. For further information, current students may contact the W. P. Carey School of Business Undergraduate Scholarship Office.

Scholarships

Allstate Insurance Company Scholarships in Finance
Full-time seniors majoring in finance who have earned a minimum cumulative GPA of 3.0 may be considered for the two $1,000 scholarships. Financial need is not a factor.

Consular Corps of Arizona Scholarship
Full-time junior and senior finance majors who have earned a minimum cumulative GPA of 3.5 and who demonstrate leadership and commitment to civic/community service organizations may be considered for the two $2,500 scholarships. Financial need is considered but is not a requirement. Preference is given to students engaged in activities that promote business and cultural exchange central to global commerce.

Finance Advisory Board Scholarship
This $1,000 scholarship, sponsored by the Department of Finance Advisory Board, is available to undergraduate and graduate finance majors, as well as those pursuing concurrent degrees including finance. Financial need is considered but not required. Minimum cumulative GPA is 3.0. Preference is given to applicants demonstrating both outstanding academic achievement and community service.

Finance Alumni Scholarship
Funds for this scholarship come from donations by alumni specifying their gifts be used for scholarships to finance students. The approximately $1,000 scholarship is awarded to an outstanding undergraduate or graduate student majoring in finance or pursuing concurrent degrees including finance. Financial need is considered but not required. Minimum cumulative GPA is 3.0. Preference is given to applicants demonstrating both outstanding academic achievement and community service.

Henry & Betty Kaufman Memorial Scholarship in Finance
Finance Professor Herbert Kaufman and his sister Paula Kaufman Raffish endowed this $2,000-per-year scholarship in memory of their parents. Selection is limited to a senior finance major who is the first in his or her family to attend college. Both Professor Kaufman and his sister were first-generation college graduates. Professor Kaufman makes the final selection from a pool of superior candidates the Department of Finance Scholarships and Awards Committee provides. Financial need is not a factor.

Intel Scholarship
This scholarship from Intel Corporation typically provides $1,000 to a full-time junior or senior finance student with a minimum cumulative GPA of 3.0. The scholarship is renewable but the recipient must reapply for consideration each year. Financial need is not required.

Investment Banking Industry Scholars (IBIS) Scholarship
Private donor Brett Caughran ('07 Finance) established this scholarship, which provides at least one $500 award each fall semester. All senior business students who are active members in the IBIS program can apply. Financial need is considered but not required. Minimum GPA is 3.5. The IBIS program directs students through the application process and works with the donor to make the selection(s). Awards are determined through review of applicants' resumes geared to the investment banking industry and of their responses regarding how the funds would be used to further their efforts toward careers in the investment banking industry.

Jack D. Furst Honors Scholarship
Instituted by HM Capital Partners LLC Co-Founder and Senior Advisor Jack D. Furst ('81 Finance), this scholarship requires application separate from the W. P. Carey School of Business General Scholarship Application process. Application packet information is available at Current Students Scholarship Applications. The application deadline is rolling until an award is made in an academic year. Applicants who are Business Honors students at the end of their junior year or beginning of their senior year must commit to successfully completing an honors thesis in the area of private equity financing. Applications must include the completed application form specific to this scholarship, the proposed thesis prospectus, resume, grades and reference information. The application must be approved by the Department of Finance Scholarship and Awards Committee and Department of Finance chair. A portion of the $2,000 scholarship, $750, is distributed as soon as possible within the scholarship disbursement calendar; the remaining $1,250 is distributed upon successful completion of the thesis. The thesis must be completed and approved during or prior to the student's final semester of enrollment.

Larry Seay & Barb Walchli Scholarship
Funding from Meritage Homes Corporation Chief Financial Officer Larry Seay ('77 Finance, '78 Accounting, '79 MBA) and Aquila Rocky Mountain Equity Fund Portfolio Manager Barb Walchli ('79 MBA) make it possible to award one or more exceptional junior or senior finance students scholarships from $1,500-$3,000. Minimum cumulative GPA is 3.5.

Marie & Peter Sushka Memorial Award for Academic Excellence
Finance Professor Marie Sushka created this $1,000 scholarship in memory of her parents, Marie and Peter Sushka. Undergraduate finance students who have obtained the highest cumulative GPA during the calendar year prior to the spring semester selection process are considered. Professor Sushka chooses the recipient from candidates recommended by the Department of Finance Scholarships and Awards Committee.

Phoenix CFA Society Scholarship
This $1,500 scholarship, provided by the Phoenix CFA (Certified Financial Analysts) Society, is intended for an outstanding finance junior or senior with interest in a career in the investment industry.

Risk Management Association Scholarship
One $2,500 scholarship is awarded to an exceptional junior or senior finance student. The Department of Finance Scholarships and Awards Committee provides a pool of top candidates to a committee representing the Risk Management Association, which selects several students to interview and chooses the recipient. Financial need is considered. The scholarship is renewable per donor discretion but the student must reapply for consideration each year.

Rudy R. Miller Business-Finance Scholarship
This scholarship is based on merit and is awarded to a junior or senior pursuing a degree in finance or business administration. Executives of The Miller Group choose from a select group of business students pre-screened by the Department of Finance Scholarships and Awards Committee. Several of these students are asked to provide their academic and employment information, resume and answers to three essay questions based on leadership, career/educational goals and why they want and deserve the scholarship. The Miller Group executives then interview top candidates, who must maintain a minimum 3.5 grade point average, and make the final selection for the $2,500 scholarship. Selection is typically finalized in the summer, although the deadline must be met for submission of the W. P. Carey School of Business General Scholarship Application so the initial candidate pool can be selected.

Schembri Family Scholarship
Business Honors juniors and seniors majoring in finance are considered for two (2) $1,000 scholarships, funded by the Schembri family. Each individual selected must have a minimum cumulative GPA of 3.5, a history of demonstrated leadership, and a commitment to civic/community service organizations. Financial need is a factor, and applicants must have the Free Application for Federal Student Aid (FAFSA) on file at ASU. Students seeking renewal must reapply for consideration every academic year.

Awards

The Department of Finance bestows non-monetary recognition to elite graduating seniors through prestigious awards.

Finance Advisory Board Outstanding Graduating Senior Award
The highly selective Outstanding Graduating Senior Award distinguishes the Department of Finance's choice and recommends the student as its candidate for the Turken Family Outstanding Graduating Senior of the W. P. Carey School of Business.

Financial Management and Markets MBA Outstanding Student Award
Conferred on the outstanding MBA student in the MBA Financial Management & Markets Specialization, this award is determined by professors teaching in the full-time day MBA program. The professors rank-order the top five students in their classes, and points are assigned to each rank (top student gets 5 points, the next gets 4, etc.) Points are totaled across all classes and the student with the most receives the award.

Wells Fargo Bank Awards for Leadership in Finance
With this award Wells Fargo Bank and the Department of Finance recognize the value of the leadership strengths two students demonstrate in addition to their excellent academic accomplishments.

* Scholarship availability, quantities and amounts are based on information current in May 2010.